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Abstract: The post-Soviet ethnic migration wave was quickly followed by the contraction of population territorial mobility. The growing role of socioeconomic factors in defining the character and intensity of migration flows, including the expansion of temporary, labor and undocumented migration, has been especially pronounced. These changes indicate the evolving relationship between migration and conflicts developing in Central Eurasia. Initially as an indicator of ethnic tensions and discrimination of minorities, migration is becoming a mechanism of market transition, providing for the economic survival of population under crisis conditions. With the depletion of the number of ethnic Russian migrants, the influx of ethnic aliens, moving primarily from Central Asia and the Transcaucasus to Russia, is increasing in importance. The present paper discusses the impact of new migration flows on the economies, welfare mechanisms, financial systems, labor markets, and societies of Central Eurasia. Special attention is given to the governmental response to migration phenomenon—from labor migration criminalization to attempts to stimulate the flow of specific migrant groups. [Copyright &y& Elsevier]